Dec 6, 2013 8:00am EST
to the education and payment cap. it will take time and persistent effort to improve the labor situation. -- hope forhopeful is that the report that we got today is repeated over and over. if that happens, maybe we will be happy. wall street will be happy because the fed will normalize. >> that is a question. we saw a big pop in 10 year yields. managed its communications better? >> yes. we got an e-mail from our desk. the explanation is that this is technical. a lot of people were short. muchtreet does not have appetite for taking risk one way or the other. what you get a short covering. me just follow that if i could. where do we go then? do we see yields rising? >> that is always the risk. that is why the fed looks at the financial condition index is a very important metric grid it is not easy. trying to do it and they have an eye on the financial conditions. if they tighten too much, as they did in may and june, they will community -- communicate. go, what we let you will tell you that this is not just a temporary glitch -- that the job market will continue to improve and accelerate from here?